Township of Millstone 2020 Municipal Budget Presentation June 3, 2020
Township of Millstone 2020 Budget Summary Title: 2020-Estimated 2019-Actual $ Change % Change Net Valuation Taxable $1,882,865,731.00 $1,875,523,218.00 $7,342,513.00 0.39% Local Amount to be $3,319,260.78 $3,132,327.98 $186,932.80 5.91% Raised by Taxation Local Municipal Tax Rate $0.176 $0.167 $0.01 5.91% Tax Collection Rate Used 98.38% 98.35% to Calculate RFUT Penny Impact $188,286.57 $187,552.32 $734.25 0.39% Average Home $528,310.00 $527,345.00 $965.00 0.18% Assessment* Average Home Local $929.83 $880.67 $49.16 5.91% Municipal Taxes Accomplishments Levy Cap Appropriation Cap Notes * Please note that the calculation has been revised to include Farm Houses, but not Farm Qualified 2
2020 Emergency Medical Service Overview: The Township of Millstone is need of a plan to provide their citizens with timely and affordable Emergency Medical Service. The major addition to the 2020 Budget is addressing this new need for the Township. Once performed on a volunteer basis, the EMS service now needs to be funded by the municipality to ensure that citizens are receiving the care and attention they need, when they need it most. An outsourced service was being utilized to perform this service in 2019. This service that performed the function for the 2019 year has increased prices to a point where the municipality cannot afford to continue with the contract and, more importantly, the EMS service provided to the citizens was lacking in timeliness and quality of service. To solve this budget issue, The Township and the Millstone Township Fire District have stepped up and are creating a shared service agreement for implementation in the second half of 2020 year. Shared Services Advantages: ➢ Direct Management ➢ Ability to Better Control and Forecast Costs ➢ Timeliness and Consistency in Service ➢ Stability ➢ Increased Community Involvement ➢ Controlling costs for the Taxpayer 3
2019 vs. 2020 EMS Services Cost Analysis Overview: With consideration made to have the Fire Department take ownership of EMS services within the town of Millstone, a cost analysis has been prepared between the year's of 2019 and 2020 to ascertain the fiscal sensibility of the transition. The Key Financials and Financial Model below present the findings. 2020 Tax Levy Increase 2020 Tax Levy 2019 Tax Levy 2020 Tax Levy Attributable to Fire Department Increase EMS Total Costs $ 3,132,328 $ 186,933 $ 260,000 $ 3,319,261 138.86% of $186,933 of increase increase 2020 Tax Levy Increase 2019 Tax per 2020 Tax per 2020 Tax Increase Attributable to Fire Department House House Total EMS Costs $ 49.67 per Muni- Muni- Muni- $ 929.83 $ 880.67 138.86% $ 49.67 House 1 Only Only Only Per Avg. of increase Household Notes 1. Based off a $528,310 assessed home value 4
2019 vs. 2020 EMS Services Cost Analysis Millstone Financial Cost for EMS Services Millstone Tax Levy - Total Item ID Item Annual Amount Item ID Item Annual Amount 2020 Additional Contribution to 5 2020 Municipal Tax Levy 3,319,261 1 Fire Department EMS Rescue 200,000 Squad 6 2019 Municipal Tax Levy 3,132,328 2 Ambulance Down Payment 10,000 7 Total Municipal Tax Levy Increase - 2020 186,933 3 Other Capital Related Items 50,000 2020 Fire Department EMS Portion of 1-4 260,000 4 Total Cost 260,000 Municipal Tax Increase Tax Levy Increase Attributable to Other 8 (73,067) Sources Tax Levy Increase Attributable to Fire 9 138.86% Department EMS Services (%) 5
Township of Millstone – Key Personnel Township Committee Mayor - Fiore Masci Deputy Mayor - Nancy Grbelja Committeeman - Gary Dorfman Committeeman - Albert Ferro Committeeman - Michael Kuczinski Municipal Officials Business Administrator - Kevin Abernethy Acting CFO - Kevin Abernethy Finance Consultant – HFA, Matthew Holman Tax Collector – Lori Maher Municipal Clerk – Kathleen Hart Township Auditor – HMA, David McNally Township Attorney - Robert Munoz 6
Township of Millstone 2020 Budget Goals Address Emergency Medical Service Need Of The Township Keep Overall Budget Increase, With EMS Inclusion, To As Minimal As Possible Construct a Budget in Time of Crisis That Provides Required Services But Limits The Financial Impact To Residents The Budget cycle is “Self Review” this year, which means this Budget must be filed with the State, but not reviewed prior to public hearing/adoption. “State Review” is every 3 years. 7
Township of Millstone Municipal Tax Levy Comparison of Nearby Towns in Monmouth County Spring Lake Allentown Colts Neck Farmingdale Millstone Boro Upper Freehold 1,403,795.00 6,187,210.00 320,923.80 2,590,456.72 5,964,753.62 2,353,449.00 2013 1,447,106.81 6,447,804.00 319,915.80 2,590,456.72 6,315,052.34 2,461,134.50 2014 2015 1,523,056.74 6,784,534.00 334,679.66 2,590,456.72 6,441,278.10 2,629,044.50 1,523,056.60 7,208,073.48 371,378.14 2,590,456.72 6,441,260.64 2,733,530.98 2016 1,537,059.50 7,478,474.14 379,638.01 2,590,456.72 6,441,221.38 2,790,388.61 2017 2018 1,537,059.50 7,787,377.72 435,363.13 2,590,456.72 6,474,975.98 2,964,899.71 1,579,595.10 7,852,954.72 486,956.87 3,132,327.98 6,601,015.40 3,105,130.00 2019 $ Increase in Municipal Levy 2013-2019 175,800.10 1,665,744.72 166,033.07 541,871.26 636,261.78 751,681.00 % Increase in Municipal Levy 2013-2019 13% 27% 52% 21% 11% 32% 8
Township of Millstone Annual Net Valuation Taxable 2,000,000,000 1,850,002,512 1,860,694,140 1,870,582,066 1,875,523,218 1,882,865,731 1,900,000,000 1,800,000,000 1,729,916,005 1,700,000,000 1,567,289,829 1,568,483,965 1,600,000,000 1,500,000,000 1,400,000,000 2013 2014 2015 2016 2017 2018 2019 2020 Local Municipal Tax Rate 20 17.7 16.7 16.5 16.5 Cents 15 14 13.9 13.9 15 10 2013 2014 2015 2016 2017 2018 2019 2020 Amount to be Raised by Taxation for Local Municipal Purposes $3,500,000.00 3,319,260.78 $3,132,327.98 $3,000,000.00 $2,590,456.72 $2,590,456.72 $2,590,456.72 $2,590,456.72 $2,590,456.72 $2,590,456.72 $2,500,000.00 $2,000,000.00 9 2013 2014 2015 2016 2017 2018 2019 2020
Township of Millstone Annual Tax Collection Percentages 100 99.20 99.19 98.96 98.93 99 98.73 98.61 98.55 Percent 98.44 98.34 98 97 10
Township of Millstone Comparative Revenue Summary General Revenue: 2020 2019 Net Changes: Fund Balance Utilization $ 750,000.00 $ 600,000.00 $ 150,000.00 Grants $ - $ 69,581.57 $ (69,581.57) Interest on Investments $ 400,000.00 $ 410,000.00 $ (10,000.00) Liquor Licenses $ 10,000.00 $ 10,125.00 $ (125.00) Miscellaneous Revenues $ 638,062.63 $ 552,000.95 $ 86,061.68 Municipal Courts $ 53,000.00 $ 54,000.00 $ (1,000.00) Property Taxes $ 3,319,260.78 $ 3,132,327.98 $ 186,932.80 Receipts from Delinquent Taxes $ 370,000.00 $ 373,800.82 $ (3,800.82) State Aid $ 852,717.00 $ 841,753.00 $ 10,964.00 Telecom Tower Lease $ 41,000.00 $ 41,539.48 $ (539.48) Uniform Construction Code Fee $ 450,000.00 $ 369,000.00 $ 81,000.00 Total Anticipated Revenues $ 6,884,040.41 $ 6,454,128.80 $ 429,911.61 11
Township of Millstone Analysis of 2020 Budget Revenues Budgeted Revenues: Legend: Amount to be Raised by Taxation-Local 852,717 Municipal Purposes 48.4% 450,000 53,000 41,000 Fund Balance Utilization 10.9% 3,319,261 370,000 Grants 0.0% Interest on Investments 5.8% Liquor Licenses 0.1% Miscellaneous Revenues 9.3% Municipal Courts 0.8% Receipts from Delinquent Taxes 5.4% State Aid 12.2% 638,063 Telecom Tower Lease 0.6% 10,000 Uniform Construction Code Fees 6.5% 750,000 0.00 400,000 12
Township of Millstone Adopted Budget Appropriations – 10 Year Trend $7,000,000 $6,884,040 $6,800,000 $6,600,000 $6,454,129 $6,413,241 $6,400,000 $6,279,142 $6,214,966 $6,129,203 $6,141,736 $6,147,956 $6,168,176 $6,200,000 $5,937,198 $6,000,000 $5,800,000 $5,600,000 $5,400,000 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (6.9%) (1.7%) (3.1%) +3.45% +0.1% +1.1% +2.2% (3.8%) +1.8% +6.6% 13
Township of Millstone Analysis of 2019 Budget Appropriations - $6,884,040.41 Budgeted Appropriations: Appropriation Categories: 10.5% *Total General Operations - inside Cap $4,446,696.00 18.2% *Total General Operations - outside Cap $261,100.00 Capital Improvements - outside Cap $197,800.00 2.9% Municpal Debt Service - outside Cap $1,253,744.41 3.8% Reserve for Uncollected Taxes 64.6% $725,000.00 * Total General Operations = $4,707,796. 14
Township of Millstone Breakdown of Total General Operations Appropriation Sub-Category Amount % Public Works $ 1,169,175.00 24.8% General Government $ 971,730.00 20.6% Insurance (JIF, HB, WC & Unemployment) $ 855,722.00 18.2% Uniform Construction Code & Code Enforcement $ 498,520.00 10.6% Statutory Expenditures (PERS, DCRP & SS) $ 283,639.00 6.0% Utilities $ 241,000.00 5.1% Court & Public Defender $ 127,500.00 2.7% Public Safety $ 54,000.00 1.1% Land-Use Administration $ 94,700.00 2.0% Parks & Recreation $ 108,000.00 2.3% Health/Human Svc (Animal Ctrl, Sr Trans & EC) $ 40,900.00 0.9% Grants $ 5,000.00 0.1% Landfill $ 20,700.00 0.4% Shared Services $ 231,600.00 4.9% Education (including Library) $ 250.00 0.0% 15
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